Frequently Asked

Forex can be confusing, let us break down some of the common questions

u

WHY ARE YOU SELLING SIGNALS?

The truth behind this is two fold, one selfish and one altruistic.  Now that we only trade the daily chart, we are not slaves to the screen and our days  are open to explore other projects, SweetFX being one of them.   We also want to help as many traders as possible carve out a steady second or main income from the markets.  It can be done.  Go get it. 

u

WHAT IS TELEGRAM?

Telegram Messenger is an encrypted, free to use messaging platform.  It’s perfect for sending signals to a group that has people from all over the world!  Sign up at https://telegram.org/

u

CAN I LOSE MONEY?

Yes.  However, that simple question has a longer answer that is worth considering.  While every trade you place has a 50% chance of winning or losing, we use our tried and tested algorithm that turns that 50/50 into a 75/25 chance. 

We suggest only risking 2-3% of your account per trade.  That means you would need an unbelievably bad run of trades to burn your account.

Money management and protecting capital are keys to success.

u

What payment methods do you accept?

We currently accept PayPal.  Please email support@sweetfx.uk if you need an alternative! 

u

Do you provide explanation behind the trades?

Unfortunately no.  Our algorithm is proprietary and literally worth its weight in gold, so we wouldn’t be able to share our workings out. 

u

what is the risk and reward ratio to your signals?

We don’t follow conventional trading ‘etiquette’ and feel that aiming for 1:1, 2:1 etc is actually bad practice – more often than not you’ll find when you hit your take profit the trade will continue to profit and you leave money on the table.

On the other side, we have strong exit indicators that take us out of trades before stop losses are hit;  At the time of writing, out of the last 100 losing trades, only 10% hit stop loss. 

u

HOW MUCH DO I NEED TO START WITH?

We suggest having a trading balance of at least £300.  Most traders will start with £500-£1,000 and aim to not withdraw from their account for at least 12 months to allow it to compound.  That said, it’s your money and you can withdraw at any stage. 

u

can a beginner do this?

Yes!  We will walk you through the process step by step so you’re comfortable and confident placing trades on your own account!

u

how many pips should I expect each month?

Be careful setting ‘expectations’ in Forex.  We can have losing days, weeks or even months.  That said our algorithm has only had 3 losing months since January 2016.  The worst loss was 600 pips (remember money management!).  The best month was over 9,000! 

As you can see from the Google Sheet, we’ve averaged 3,100 each month since Jan 16.

u

WHICH pairs do you trade?

We will send signals on 27 currency pairs. 

u

when do you send signals?

Signals will be sent out around 2130 – 2145 GMT. 

u

How many signals do you provide in a day?

We average 28 signals a month, sometimes a few a day, sometimes none for a few days.  We trust in our algorithm and trust in the market and will never force trades just to get ‘wins on the board’.  Other companies do that! 

Why SweetFX?

While we are new signals service, we are by no means inexperienced.  We strive to be the most consistent, transparent company on the internet and while others might pay lip service to customer service, your probability is our number one priority. 

Global

It does not matter where in the world you come from;  as long as you have an internet connection!

/

NEVER MISS A TRADE

As we send our updates around 2130GMT Monday to Friday – you know when to expect updates.  Never miss the important signals ever again.

TRANSPARENT

As you can see from our updates on the home page, we share every result – good and bad.  With over a 75% win rate, we know that 25% of our trades will lose.  With strict money management that should not be a problem! 

We follow our rules

Over the last 4 years, we average 28 trades per month; so sometimes there could be a couple of trades a day, sometimes none at all.  We follow our trading rules very strictly to ensure maximum profitability. 

YOUR FUNDS ARE YOURS

The funds held with your broker are yours.  We can never touch them and you can withdraw them at any stage!